Market outlook for 21/07/2014

Nifty closed up 23.45 points (0.31%) at 7663.90 while Future closed at 7669.35, premium of 5.45 points.
Bank Nifty closed up 120.30 points (0.79%) at 15389.35 while Future closed at 15415.80, premium of 26.45 points.

• FII bought in Cash (Net buy 574.47 Crore)
• FII bought in index option, stock future but sold in index future (Net buy 451.43 Crore)
• DII sold in Cash (Net sell 283.17 Crore)
• Most Active Nifty Call Option: 7700 and 7800.
• Most Active Nifty Put Options: 7600 and 7500.
• Advance Decline for the day was 688:849.
• McClellan's oscillator for NSE at -13.

NIFTY TECHNICAL

Current Spot: 7663.90
Pivot: 7648
5DEMA: 7613
10DEMA: 7601
20DEMA: 7584
50DEMA: 7441
RSI (14 days): 57.92
Parabolic SAR: 7422
Supports: 7611 - 7559 - 7522
Resistance: 7701 - 7738 - 7790
Nifty Future VIX Range: 7600 - 7736
Nifty Future VWAP: 7646.70
MP Values Nifty Future: VAH - 7692, POC - 7662, VAL - 7628

TARGET NIFTY
Buy Nifty Future above 7675 - 7700 - 7745 - 7805 SL - 7646
Sell Nifty Future below 7638 - 7615 - 7560 - 7510 SL - 7662

BANKNIFTY TECHNICAL

Current Spot: 15389.35
Pivot: 15314
5DEMA: 15164
10DEMA: 15097
20DEMA: 15095
50DEMA: 14833
RSI (14 days): 57.38
Parabolic SAR: 14402
Supports: 15165 - 14940 - 14791
Resistance: 15539 - 15688 - 15912
Bank Nifty Future VIX Range: 15191 - 15643
Bank Nifty Future VWAP: 15309.41
MP Values Bank Nifty Future: VAH - 15435, POC - 15324, VAL - 15213

TARGET BANKNIFTY
Buy BankNifty Future above 15435 - 15545 - 15700 - 15905 SL - 15323
Sell BankNifty Future below 15319 - 15215 - 15100 - 14900 SL - 15355

INTRADAY TRADE
Idfc: Buy above 165 for targets of 167, 170 SL 161
Exideind: Buy above 161 for targets of 163, 167 SL 157

SCORE SHEET
Crompgreav: Buy above 214 for targets of 217, 224 SL 210: SL Hit
Hindalco: Buy above 189.5 for targets of 191.5, 195 SL 186: Call not active

POSITIONAL TRADE
Adaniports: Buy above 291 for target of 305 SL 285 (2-3 Days)
Aloktext: Buy above 13.5 for target of 15.2 SL 13.1 (1 Week)

Thanks and Regards

MarketPulse S&P